Alibaba-backed Trendyol Explores $1 Billion Fundraising Round Amidst E-commerce Expansion

Trendyol, Turkey's leading e-commerce platform backed by Alibaba Group Holding Ltd., is reportedly in discussions to raise an impressive $1 billion in its latest funding round. This significant capital influx aims to fuel the site’s ambitious growth plans and strengthen its market position against increasing competition in the rapidly evolving online shopping landscape.

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